First coal is expected to be mined late this quarter followed by a steady ramp up of coal production over the next three to six months to annualised levels of between 1 million tonnes per annum and 1.2Mtpa run-of-mine coal.
"The restart of operations was delayed due to a number of significant rain events and the company has implemented comprehensive water management strategies to mitigate risk and to re-commence mining safely," BCC said.
The Marketing Joint Venture, which is owned jointly by BCC and M Resources, has secured Bluff coal sales contracts with Tier 1 traditional North and South Asian steel mill customers.
The first delivery under those contracts is planned for Q2.
"Details of the sales contracts are confidential, but price mechanisms are in line with full value for ultra-low volatile matter premium pulverised coal injection coal," BCC said.
Ultra-low volatile PCI traded at US$312.50/t on February 10.
